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Page added on January 2, 2016
Russia Discounts Gas For Ukraine
Russian Prime Minister Dmitry Medvedev approved a discount in the price of natural gas for Ukraine to bring Russian gas prices closer to prices in European markets.
Russia will discount its previous gas price of $230 per 1,000 cubic meters (TCM) by $17.8, bringing it to $212.2 per TCM, an official Russian government notice said January 1.
Ukraine’s Energy Minister Volodymyr Demchyshyn previously said Ukraine was ready to buy Russian gas in the first quarter of 2016 if the price was reduced to under $200 per TCM.
Currently, gas is trading at a price of around $170 per TCM in European markets.
“Russians understand that in order to be competitive they need to decrease the price,” Medvedev said, noting that the discount was intended to reflect “market conditions.”
Whether the discount will be enough to attract Ukraine remains to be seen. Ukraine halted gas purchases from Gazprom in July 2015 after Kyiv and Moscow failed to reach a deal on gas deliveries for the third quarter of the year.
5 Comments on "Russia Discounts Gas For Ukraine"
JuanP on Sat, 2nd Jan 2016 4:24 pm
World Order, https://www.youtube.com/watch?v=ZNhYzYUo42g , a new Russian documentary on the American Empire’s failed attempts to achieve total global hegemony and the costs, suffering, misery, and destruction the Americans have sown all over the world.
makati1 on Sat, 2nd Jan 2016 8:50 pm
Gas prices and the ability to purchase are in question. Nothing new. Typical of the whole world today.
rockman on Sat, 2nd Jan 2016 10:24 pm
mak – With respect to marketing fossil fuels: pigs get fat…hogs get slaughtered. Putin is just being a good little piggie. lol
makati1 on Sun, 3rd Jan 2016 7:42 pm
rockman, Putin is one of a few real leaders in the world today. Yes, he is looking out for Russia first and will do anything he thinks is necessary to protect it. Including a first nuclear strike on the US, if pushed far enough.
I hope it will not come to that, IF the US heads stay cool and realize they cannot win against Russia. But then, cool heads are rare in Washington these days. I still see mushrooms over all of the US cities before I die. We don’t need a comet to end our species. We have 20,000+ nukes.
JuanP on Sun, 3rd Jan 2016 8:14 pm
The Russians have been very reasonable with the Ukrainians, but the Ukrainians keep doing everything within their power to pick a fight with Russia. I expect this conflict to keep getting worse until the Ukrainian government collapses completely. Ukraine is a failed, bankrupt, broken nation, and its future looks horrible. They are the first white European failed state, but many more will follow them. Europe without Russian oil and gas would be worse off than Latin America is today. My heart goes out to the masses on both sides of this conflict, they are all innocent victims.